Ibm issued a 30-year bond semi-annual 6 coupon bond 12, Ask an Expert

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IBM issued a 30-year bond, semi-annual 6% coupon bond 12 years ago.

If the face value of the bond is $1,000 and the current (annualized) YTM is 10%, what is the current price of the bond?

At this price, is the bond trading at a discount, premium, or par? Why?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781412

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